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AP - An official who's been negotiating with Tesla Motors Inc. to open an auto factory in Downey, Calif., says the carmaker has chosen instead to partner with Toyota to build electric cars at the former NUMMI plant in Fremont.

Kevork Djansezian/Getty ImagesTesla has been on an epic run since the beginning of 2017.
Its market cap, at around $50 billion, passed Ford's and now rivals General Motors. If all goes according to schedule, the Model 3 mass-market car will launch in about a month.
But not all is well in Tesla land. There's been chatter about a union-organizing effort at the company's Fremont, Calif. factory.

The Bay Area community of Fremont, Calif., is home to the state's last auto plant, jointly run by GM and Toyota. Known as NUMI, the plant has turned out thousands of vehicles and supported about 5,000 factory jobs over the past two decades. Now, Toyota reportedly is on the verge of pulling out, which means NUMI may soon be history.

ToyotaI know I recently argued that we should ignore Trump's tweets about the auto industry, but hear me out.
On Thursday, Trump rehashed an attack he made earlier this week on GM, this time threatening Toyota. Business Insider's Bob Bryan had the report.

Wall Street analysts have been touring Tesla’s massive factory in Fremont, Calif., and they’re returning with the same conclusion: Elon Musk’s electric-vehicle company is getting ready for something big. In a sign of this enthusiasm, Robert W. Baird & Co. upgraded its Tesla rating on Monday morning following a factory tour.

TOKYO — Toyota Motor Corp. is building two new auto plants, one in Mexico and the other in China, and one of the company’s Canadian factories is being retooled to focus on more expensive mid-size vehicles.
Toyota announced Wednesday it will invest US$1 billion in the plant in Guanajuato, Mexico, creating 2,000 jobs, to make the Corolla subcompact — one of Toyota’s biggest hits.

TORONTO — The federal and provincial governments have put aside their differences to help expand Toyota’s manufacturing operations in Southern Ontario.
The two governments will provide a total of $100 million toward Toyota’s planned $421-million investment in the automaker’s Cambridge operations.
The Canadian Press has learned the provincial Liberal government will give Toyota a grant of up to $42.1 million, or 10 per cent of the project’s cost.